Personal income increased 0.5%, or $114.1 billion, in May, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.9%. Meanwhile, personal consumption expenditures increased 0.2%, or $47.8 billion.
FDIC Acting Chairman Travis Hill said his agency will have a busy fall season, with implementation of a new stablecoin law among its top priorities.
ABA recommended that federal regulators to quickly finalize a series of proposed changes to the enhanced supplementary leverage ratio standards for the largest banks.
American Bancorp in Georgia, TowneBank in Virginia and Citizens Bank of West Virginia announced planned acquisitions.
The Consumer Confidence Index was 97.4 in August, down from 98.7 in July, the Conference Board said.
Home prices increased 1.9% in June compared to the same month a year ago, down from a 2.3% rise the previous month, according to the S&P Cotality Case-Shiller Index.
New orders for manufactured durable goods decreased $8.8 billion or 2.8% in July to $302.8 billion, the U.S. Census Bureau said in its most recent advance report.
